Finding the Right Problems: How Sutter Hill Ventures’ Mike Speiser Creates Great Companies

寻找正确的问题:苏特希尔风险投资公司迈克·斯皮泽如何创立卓越企业

Goldman Sachs Exchanges

2025-08-07

51 分钟
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As one of Silicon Valley’s most respected venture capitalists, Mike Speiser, managing director of Sutter Hill Ventures, doesn’t just invest in companies, he often takes a leading role in building them. On the latest episode of Goldman Sachs Exchanges: Great Investors, Speiser discusses his approach to investing with Goldman Sachs’ Ken Hirsch. This episode was recorded on July 7, 2025. Learn more about your ad choices. Visit megaphone.fm/adchoices
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  • Welcome to Goldman Sachs Exchange's Great Investors.

  • I'm Ken Hirsch,

  • co-chairman of the Global Technology Media and Telecom Group and head of venture capital coverage within Goldman Sachs' global banking and markets business.

  • Today, I'm thrilled to be speaking with Mike Spicer, managing director of Sutter Hill Ventures.

  • As one of Silicon Valley's most respected venture capitalists,

  • Mike doesn't just invest in companies, he often takes a leading role in building them.

  • It's a strategy that's proven massively successful,

  • producing winners such as Snowflake, among others,

  • in which Mike has served not only as an early investor, but also as founding CEO.

  • We'll talk today about Mike's career,

  • his approach to investing and leading Sutter Hill, and this unique moment for Silicon Valley.

  • Mike, thank you for hosting me here in your offices.

  • Thank you very much.

  • Thank you for coming to California to do this.

  • Goldman Sachs team, and thank you, Ken.

  • It's thanks for the partnership in general and the opportunity.

  • You joined Sutter Hill Ventures in 2008,

  • a firm with a rich and storied history dating back to the 1960s as one of the earliest and most influential Silicon Valley venture firms,

  • producing such winners as NVIDIA, Pure Storage, Snowflake, and more recently, Astera Labs.

  • What drove your decision to become a venture capitalist at that time?